It's possible. If you find something and return the item-if the person gives a rewards-you be modest and say,"Thank you, you're welcome!" Or it can be used to chastise someone who doesn't express gratitude after receiving a kind gesture.

I get that "welcome" alone can be misleading as a translation, but some people actually shorten it to just that word (at least from where I'm from). It's slang but do you guys think it could be accepted?